Key Stats for Marvell Stock

• Current Price: $188.68
• Target Price (Mid): ~$500
• Street Target: ~$254
• Potential Total Return: ~165%
• Annualized IRR: ~24% / year
• Max Drawdown: 40.49% on July 16, 2026

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What Happened?

Marvell Technology (MRVL) spent the spring as one of the market’s favorite AI stories and the early summer giving much of it back. Shares closed at $188.68 on July 17, down from a 52-week high of $329.88, a decline of roughly 43% from that peak. The steepest single stretch of the fall registered as a 40.49% drawdown dated July 16, its deepest of the year.

What makes the fall…